I think you'll find the elasticity of supply not very elastic at all given the costs involved to bring new mines into production in the current lithium pricing environment. Sure some existing hard-rock producers can try to increase output, but it will certainly be outpaced by the increased demand especially given all the new refineries being established outside of China.
Cheers, CK
LTR Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held
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